What Coverages and Additional Benefits Does the Insurance Offer Me? (aarp homeowners insurance)

Aarp Homeowners Insurance

Most homeowners policies include the basics – Replacement Cost Coverage to rebuild your home, and Contents Coverage to replace furniture, clothing and other personal items in your home. Understanding how much protection you have can make a big difference in whether you can recreate your home in the event of a loss. With the AARP Homeowners Insurance Program, you’ll find that the basic coverages are designed to give you more value for your money .

• Replacement Cost Protection: Although your quote includes both “recommended” (100%) and “optional” (80%) limits for replacement cost protection, we find that members generally prefer the recommended limits. Why? With our Program, you choose the recommended coverage limits, it means
that if you have a total loss of your home, we’ll pay to rebuild it … even if it actually costs up to 150% of the applicable limits of your policy .
• Contents Replacement Cost Coverage: In this Program, the contents of your home are protected for their full replacement value, regardless of their age or condition. That means we pay whatever it costs to buy brand new items of equal quality . other policies limit this protection to just 50% of the

amount of your home coverage while our plan limit is up to 70% of your home’s coverage amount.

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PEACE OF MIND BENEFITS: A good homeowners insurance plan should ease your worries, not contribute to them. We add extra benefits to help ensure your protection is hassle-free. Our Lifetime Renewability Benefit is a good example.

While some homeowners insurers may cancel you after a claim or two, that won’t happen with the AARP Homeowners Insurance Program. Once you are a policyholder, we guarantee to renew your coverage as long as you meet a few simple requirements, such as paying your premiums when due and insuring your home for at least 80% of its rebuilding value.
We also offer several low-cost options for expanding your protection. For example, you can purchase coverage packages which bundle popular enhancements, such as additional protection
for valuable items or higher amounts of liability coverage at a lower cost than if purchased separately . See the enclosed “Special Package of Protection” brochure for more information.

adapted from http://www.aarp.org/

Aarp Homeowners Insurance